Americans Find the Nonfinancial Benefits of Homeownership Most Valuable
We all know that purchasing a home is a great financial investment into your future but having a place of our own in now more important than ever. After more than a year of sheltering in our homes homeowners are ranking the nonfinancial benefits of homeownership higher than the financial.
"Recently, two national surveys revealed the reasons homeownership is such an important part of life. The top three personal benefits of homeownership noted by respondents in Unison's 2021 report on The State of the American Homeowner are:
- 91% – feel secure, stable, or successful owning a home
- 70% – feel emotionally attached to the homes that have kept them safe over the past year
- 51% – call homeownership a “key part of their life
These sentiments were supported by the most recent National Housing Survey from Fannie Mae, which also shows that the top three reasons Americans value homeownership have nothing to do with money. Those surveyed were given a list of feelings and accomplishments that are associated with or impacted by where we live. They were then asked, To achieve this, are you better off owning or better off renting? Here are the top three points from the list that respondents said homeownership could help them achieve:
- 91% – control over what you do with your living space
- 90% – a sense of privacy and security
- 89% – a good place for your family to raise your children
Other nonfinancial advantages of homeownership revealed by the survey include feeling engaged in a community, having flexibility in future decisions, and experiencing less stress.
Bottom Line
Financial and nonfinancial benefits are a key component to the value of homeownership, but the nonfinancial side is most valued after a year full of pandemic-driven challenges. Let's connect today if you're ready to take the first steps toward becoming a homeowner."
home for sale in ankeny iowa
homes for sale in ankeny iowa
house for sale in ankeny iowa
condos for sale in ankeny iowa
condominiums for sale in ankeny iowa
Buy real estate in ankeny iowa
Sell real estate in ankeny iowa
buy a home in ankeny iowa
buy a house in ankeny iowa
buy a condo
buy a condominium
sell my condo
sell my condominium
buy a lot
sell a lot
sell land
buy land in ankeny iowa
list my home in ankeny iowa
list my house
list my condominium
list my condo
home prices
condo prices
condominium prices
local realtor in ankeny iowa
realtor near me
hire a realtor
real estate broker
real estate agency in ankeny iowa
real estate agent in ankeny iowa
Post a Comment